Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,858 shares of the financial services provider’s stock after purchasing an additional 6,671 shares during the quarter. Janney Montgomery Scott LLC owned about 0.19% of Hercules Capital worth $5,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new stake in Hercules Capital during the second quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. bought a new position in Hercules Capital during the third quarter valued at about $31,000. Farther Finance Advisors LLC grew its holdings in Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,386 shares during the period. Strategic Financial Concepts LLC raised its position in Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 336,921 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in Hercules Capital by 38.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,395 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Down 0.2 %

NYSE HTGC opened at $19.66 on Friday. The firm’s 50 day moving average price is $19.59 and its two-hundred day moving average price is $19.68. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 9.73 and a beta of 1.39. Hercules Capital, Inc. has a twelve month low of $15.14 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.77%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s dividend payout ratio is currently 79.21%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HTGC. JMP Securities lifted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Piper Sandler upped their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and an average target price of $19.83.

Insider Buying and Selling

In other news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.